Site Developments - Indices, Stock Ranks, Chart View, Europe & more..

Monday, Apr 22 2013 by
13
Site Developments  Indices Stock Ranks Chart View Europe  more

After a few month's work we are glad to say that we've rolled out some sweeping site upgrades today. Most of these are hidden behind the scenes in preparation for the launch of Stockopedia Europe within the next few weeks. On our live web servers we are now analysing, ranking and screening over 8000 shares. I'll update more thoroughly on our multi-market capabilities when Europe is launched officially, but in the meantime I'll highlight a few of the great new features we are launching today.

Share directory

We've put together a much more browsable Share Directory. It allows subscribers not only to browse the entire universe of shares in their Stockopedia edition, but also the investment trusts, ETFs, preferred shares and indices available. When viewing the directory you'll also notice some exciting new Stockopedia Rank columns explained in more detail below.

Ranks

Stockopedia Ranks

Learning the jargon of investing - for example terms such as EBIT/EV, the F-Score and Relative Strength - can take a lifetime. It's a real shame that so many newcomers to the stock market are intimidated and turn away as a result. While we do all we can to provide popup definitions and help around the site I'm very conscious that there's scope for Stockopedia to make it more obvious when a stock is cheap, good quality or fast growing.

It's for this reason that we've launched a 'beta' set of Stock Ranks for every stock in the system. We discussed the creation and performance of a blended ValueRank in a previous article and have used a similar strategy to launch a GrowthRank, QualityRank and MomentumRank. We've also experimentally designed a CompositeRank which equally weights each of these four ranks.

Momentum Rank

Each of these ranks is composed of a selection of different ratios, chosen for their proven capabilities to outperform the market. While we haven't backtested these ranks yet, we anticipate doing so in coming weeks. We also anticipate that the composition of these ranks may change as we hone the recipes and gather feedback from subscribers. Over coming months we'll be broadening our library of composite ranks - please do get in touch with ideas or reference materials.

For now, you can see these ranks in the new Stockopedia directory, add them to your…

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Disclaimer:  

As per our Terms of Use, Stockopedia is a financial news & data site, discussion forum and content aggregator. Our site should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested. ?>


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7 Comments on this Announcement show/hide all

marben100 22nd Apr '13 1 of 7

Good work Stockopedia!

Couple of questions:

a) Is the share/index directory available from any of your menus? Can only see how to get to them from the link contained in this article.

b) You say "your customisable table views are available on the index pages". How do you customise table views? I can't find any option to do this on the directory pages or menus.

Thanks,

Mark

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Edward Croft 22nd Apr '13 2 of 7
1

In reply to post #72700

Mark,

In response to...

a) we are going to work on improving the navigation menus in coming months. In the meantime hover over the 'home' icon and select Directory from the dropdown.

b) You can customise table views by clicking 'edit' on the active table tab...  it's best to watch the very brief video here - http://bit.ly/ZDRGX1

Our approach is generally not to clutter the interface with lots of landing pages for this stuff... all the power is hidden behind that tiny blue tab.  It's a great feature though!

You can't customise the directory page views unfortunately... they are hard coded - but we do plan on adding some sorting capabilities to the page.  In the meantime - screen for the ranks !

Hope that helps.

Ed

 

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seasons 22nd Apr '13 3 of 7

Great work guys, I love your enthusiasm!

One question regarding the European stocks: do you know if they can be included in an ISA wrapper? Are you going to present the "Eligible for" line on stock's page?

Obviously selecting from a bigger universe would increase the chance for success, although I don't know how the currency conversion costs would set me back (1.5% both ways!). Having said that, there might be good bargains out there!

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marben100 22nd Apr '13 4 of 7
1

In reply to post #72703

Thanks Ed - misunderstood re the second point, thought it was the directory pages you were referring to. Thought I could be lazy & just sort by composite score. :0) Easy enough to set up a screen to do that, though.

Mark

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Edward Croft 22nd Apr '13 5 of 7
2

In reply to post #72705

Hi seasons - I'm really no expert but I believe that you can hold European stocks in an ISA.

This is a great little blog post on the subject by Monevator - http://monevator.com/foreign-shares-in-an-isa/

We will have some work to do on the 'eligible for' line as some of the exchanges are presumably (like AIM) 'unrecognised' exchanges.

I think there are some tremendous bargains in Europe right now. On Ben Graham's favoured average ten year earnings P/E ratio (known as the CAPE) European markets are amongst the cheapest in the world. Cheap CAPE markets historically have offered the best long term returns. There's some great work on the CAPE by Mebane Faber - (http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2129474) and some good recent blogs by Greenbackd (http://greenbackd.com/tag/cape/) Of course the past is no predictor of the future etc etc etc.

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jdo 23rd Apr '13 6 of 7

Hello Ed

Great updates, love the mini charts feature.
Any idea when live RNS might be implemented to the stock reports?

Cheers

JDO

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abcblake 28th Apr '13 7 of 7
1

REALLY love the mini charts... great for getting a snapshot of stocks movement

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